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<p>[QUOTE=&quot;TIF, post: 3251123, member: 56859&quot;]There is nothing at all wrong with that-- no one is chastising people who buy unsold lots.&nbsp; Orielensis&#039; comment was specific to the <i>unique</i> circumstances of Sev&#039;s consignment incentive.&nbsp; Wanting to have low starting prices which might make some consignors uneasy, he guarantees the consignor at least 120% of the start price, meaning if a lot sells but for opening bid or less than 120% of opening bid, the difference comes out of his pocket.</p><p><br /></p><p>It makes sense for any post-auction consigned lots to command a price that is 120% of opening, unless the consignor agrees to a lower price-- otherwise it would be double jeopardy for Sev.[/QUOTE]</p><p><br /></p>

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